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In an interview with CNBC-TV18, SP Tulsian of sptulsian.com said he is not very enthusiastic about the appointment of P Chidambaram as the finance minister. He believes, the market has already seen Chidambaram in the same post and therefore, a new face would have been a better move from the government.

As the earnings season progresses, Tulsian is happy with the performance of Adani Port , PVR and Century Textiles . However, he is very apprehensive about Deccan Chronicle and advises investors to stay away from it taking into consideration the various charges being leveled on the company. Besides, Tulsian holds a positive view on Voltas as well.

Here is the edited transcript of the interview on CNBC-TV18.

Q: Just wanted to come to you with regards to the reaction that we have had for your markets because European markets are pretty much in positive territory but we haven't moved at all - how exactly did you read the news with regards to the political changes on the finance front?

A: I am not too enthused by the changes in the finance ministry because this is the same old story where we are seeing P Chidambaram coming back as finance minister. Obviously, market would have been more excited if some new faces would have come up like Montek Singh Ahluwalia or maybe Rangarajan or somebody else.

The new faces could have been tried because about a couple of years back, the market has already seen that Chidambaram has been moved out of the finance ministry again because at that time, things were not looking very positive from his side also. Since he has been brought back, I don't think market is too enthused because I have seen some of the political opinions coming in. We are hearing that he should be able to contain the fiscal deficit and all that but, I don’t think that is in the hands of the finance minster alone.

I am not ruling out the juggleries or the structuring of the bonds in lieu of the subsidies which have been mooted by Chidambaram earlier also for the first time. The finance minister has issued for the first time the fertilizer bonds and oil bonds and if you can contain the fiscal deficit by doing so, that is a different story.

But I don't think that market will be too excited with all these things. So the disappointment remains and market is not too cheerful with this reshuffle.

Q: The big mover in today's trade has been Dishman Pharma . What did you make of the numbers and how positive would you be on the stock?

A: I have not closely gone through the numbers but, apparently it looks good.